Current Affairs Today

We are here for you to provide the important Recent and Latest Current Affairs July 2 2026, which have unique updates of Latest Current Affairs 2026 events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites.

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NATIONAL AFFAIRS

Union Minister JP Nadda Launches Aarogya Setu 2.0 and Other Digital Initiatives for Health Sector
In June 2026, Union Minister Jagat Prakash(J.P) Nadda, Ministry of  Health and Family Welfare(MoHFW) launched a series of digital health initiatives, in New Delhi, Delhi, to strengthen India’s Digital Public Infrastructure for Health and promote the adoption of interoperable digital health solutions across the country.
Event Highlights:
ABDM Progress: During the event, Union Minister Jagat Prakash Nadda highlighted the progress of the Ayushman Bharat Digital Mission (ABDM), noting that over 90 crore ABHA accounts and more than 100 crore health records have been created, making India one of the world’s largest digital health ecosystems.
Developer: The event witnessed the launch of several digital health initiatives, developed under the National Health Authority (NHA) and the National Resource Centre for EHR Standards (NRCeS). 
Digital Initiatives: The initiatives include Aarogya Setu 2.0, Ayushman Application(app), Ayushman Sarathi WhatsApp Chatbot, National Health Claims Exchange (NHCX), Insurance Plan Fast Healthcare Interoperability Resources (FHIR) Object Creator, e-Sushrut Clinic, Unified Health Interface (UHI), Drug Registry, Common Logical Observation Identifiers Names and Codes (LOINC) Codes for India (CLCI), and Bharat Health Terminology Service (BHTS).

MIB Announces Two Key Initiatives to Boost Indian Film Industry
In June 2026, the Ministry of Information and Broadcasting (MIB) announced two key initiatives: the Constitution of a High-level Study Group and Model State Cinema Regulations, aimed to strengthen India’s film industry, enhance its global competitiveness, and drive the expansion of cinema infrastructure across the country.

• The decision regarding these initiatives was taken during a high-level review meeting chaired by Union Minister Ashwini Vaishnaw, MIB in New Delhi, Delhi.

Key Details of Initiatives:
High-Level Study Group: MIB has appointed Prasoon Joshi, chairman of Prasar Bharti(PB),  as the chairperson of the group.  Other than chairperson, the panel will include industry experts and technology partners.

• The group has been tasked to examine the opportunities and challenges facing Indian cinema, as well as recommend measures to make Indian films more competitive globally.
• The newly formed group is required to submit its report to MIB  within 3 months.

Model State Cinema Regulations: These regulations are expected to facilitate the expansion of cinema halls and theatres, particularly in small towns and rural areas of the country.

• The Government of India (GoI) will provide assistance to states in implementation of these new model regulations.

MoF Retains Interest Rates on SSS unchanged for Q2FY27, No Revision for 9th consecutive quarter
On 30 June 2026, the Department of Economic Affairs (DEA) under the Ministry of Finance (MoF) kept the interest rates unchanged on all Small Savings Scheme (SSS) for Q2 Financial Year 2026-27 (FY27) i.e. from July 1, 2026 to September 30, 2026, maintaining the same rate as Q1FY27 (April 1, 2026 to June 30, 2026).

• This marks the 9th consecutive quarter with no revision in SSS interest rates.

SSS Overview
Last Revision: The interest rates in SSS were last changed in December 2024 for the Q4FY24 (January – March 2024).

• In December 2024, the government increased the rates of Sukanya Samriddhi Account (SSA) and 3-year Post Office term deposit scheme

Committee: The Shyamala Gopinath Committee formulated the method for determining the SSS interest rates in January 2023.

• Since 2016, MoF has been reviewing the interest rates on SSS on a quarterly basis.

Interest Rates: These rates should be 25 to 100 basis points (bps) higher than the government bond yields.

Union Home Minister Amit Shah Launches FCRA 2.0 Portal and e-OCI Ecosystem
In July 2026, Union Minister Amit Shah, Ministry of Home Affairs (MHA) and Ministry of Cooperation, launched the Foreign Contribution (Regulation) Act (FCRA) 2.0 Portal and the electronic Overseas Citizen of India (e-OCI) Card system to strengthen digital governance, simplify compliance and enhance citizen services in New Delhi, Delhi.

• The digital platforms are based on the principle of “Minimum Government, Maximum Governance.”

FCRA 2.0 Portal: 
Objective: The portal reduces paperwork, improves verification and oversight through Application Programming Interface (API)-based integration with provisions for an Artificial Intelligence (AI)-powered chatbot and mobile access.

• The launch of the FCRA 2.0 Portal follows the notification of the FCRA Amendment Rules, 2026

Features: The portal features process restructuring, an integrated dashboard, Aadhaar-based authentication, e-sign facility and Optical Character Recognition (OCR)-based document analysis.
e-OCI system
Framework: e-OCI system enables end-to-end online processing, allowing applicants to apply, upload documents and download their digital card, while existing OCI cardholders can receive e-OCI cards without fresh applications in most cases without a new application or physical verification.
Features: e-OCI system enables mobile access, faster digital issuance and smoother immigration clearance, while improving identity verification, security and real-time verification through integrated digital systems.

GoI Identifies 25 TRs for Priority Reintroduction Calls for Science-led Recovery
In  June 2026, the Government of India (GoI) identified 25 Tiger Reserves (TRs) across the country for priority recovery through targeted science-led interventions.

• The decision was taken based on the  two reports i.e. on the roadmap for active tiger management and learnings from tiger reintroductions, released by Union Minister Bhupendra Yadav, Ministry of Environment, Forest and Climate Change (MoEFCC),  during an event held in Alwar, Rajasthan, organised to mark 18 years of tiger reintroduction at Sariska Tiger Reserve (TR).

Key Details:
Key Concern:The report cautioned that despite India’s tiger population growing at an annual rate of 6%, about 25 of its 58 TRs, which are low on tigers, have no tigers or low prey abundance, require priority interventions.
Potential Recipients: Some of the 25 TRs identified as “potential recipient sites” i.e. these reserves  have ecological potential to hold tigers but population are currently absent, low or in decline,  and these include: Satkosia (Odisha), Buxa (West Bengal, WB),  Palamau( Jharkhand), among others
Key Challenges: The report has  outlined three key challenges: low prey density, fragmented habitat connectivity  and LWE disrupting protection in the Central-Eastern belt in India.

Union Minister Rajnath Singh Released DFP-2026 to Empower DRDO and Accelerate Defence R&D Projects 
In June 2026, Union Minister Rajnath Singh, Ministry of Defence (MoD) released the Delegation of Financial Powers to Defence Research and Development Organisation (DRDO) (DFP-2026), a reform to enhance efficiency, accountability, and timely execution of strategic Research and Development (R&D) projects at New Delhi, Delhi.

• The event was attended by Chief of Defence Staff (CDS) General NS Raja Subramani; Defence Secretary and DRDO Chairman Rajesh Kumar Singh, senior MoD officials, and DRDO representatives.

About Delegation of Financial Powers to DRDO (DFP-2026):
Objective: To strengthen self-reliance in defence technologies by accelerating the development, production, and induction of DRDO-developed systems, platforms, and technologies into the Indian Armed Forces, thereby enhancing national defence preparedness.
Features: Expanded functional and financial empowerment across DRDO; provisions for trial campaigns, testing, and evaluation; authorisation for pre-project R&D initiatives; segregated financial powers for Extra-Mural Research (EMR) projects, Defence Innovation Accelerator-Centres of Excellence (DIA-CoEs), and Technology Development Fund (TDF) initiatives.
Implementation: Operationalised at DRDO headquarters, New Delhi; coordinated with Indian Armed Forces, industry partners, and academic institutions to accelerate research-to-production pipeline.

Yamuna Water Project Agreement Signed to Resolve Haryana–Rajasthan Water Dispute 
In June 2026, the Government of India (GoI), along with the Governments of Haryana and Rajasthan, signed the signed a Memorandum of Agreement (MoA) to implement the Yamuna Water Project to resolve the long-pending inter-state water dispute, in New Delhi, Delhi.

• The agreement was signed under the chairmanship of Union Minister Amit Shah, Ministry of Home Affairs(MHA), in the presence of Union Minister C.R. Patil, Ministry of Jal Shakti (MoJS), Bhajan Lal Sharma, Chief Ministers (CM) of Rajasthan and Haryana Nayab Singh Saini, CM of Haryana.

About Yamuna Water Project:
Objective: To implement the 1994 Upper Yamuna River Board (UYRB) Agreement and provide Rajasthan with its allocated share of Yamuna water.
Project: The Rs. 34,102 crore project will supply around 580 Million Cubic Metres (MCM) of Yamuna water from the Hathnikund Barrage through the Western Yamuna Canal to Rajasthan via three underground pipelines between July and October, benefiting both Rajasthan and Haryana.
Beneficiary Areas: The project will provide drinking water to Sikar, Churu, and Jhunjhunu districts in Rajasthan and benefit parts of Bhiwani and Fatehabad districts in Haryana.

INTERNATIONAL AFFAIRS

India & Saudi Arabia Sign MoU to Strengthen Cooperation in Water Resources 
In June 2026, the Government of India(GoI) and the Government of Saudi Arabia signed a Memorandum of Understanding (MoU) on water resources cooperation during the inaugural Saudi Water Week held in Jeddah, Saudi Arabia.

• The MoU was signed by Suhel Khan, India’s Ambassador to Saudi Arabia, and Abdulrahman Abdulmohsen AlFadley, Minister of Environment, Water and Agriculture, Saudi Arabia, in the presence of Fahad Suri, Consul General of India in Jeddah.

India–Saudi Arabia Water MoU
Aim: To strengthen bilateral cooperation in sustainable water management, irrigation, capacity building, and technical knowledge exchange.
Collaboration Areas: The agreement will promote cooperation in efficient water use and long-term water security, reflecting the shared commitment of India and Saudi Arabia to address growing water challenges sustainably.
Knowledge Sharing: The initiative will promote knowledge sharing between institutions and encourage joint efforts to develop sustainable solutions for water conservation and resource management.
Significance:  The initiative strengthens the India–Saudi Arabia Strategic Partnership and supports sustainable water conservation alongside energy, trade, investment, technology, agriculture, and environmental sustainability.

BANKING & FINANCE

Punjab & Sind Bank Launches New Digital Initiatives on 119th Foundation Day
In June 2026, In June 2026, Punjab & Sind Bank (PSB) celebrated its 119th Foundation Day by unveiling a series of customer-centric digital banking initiatives, a new Vision & Mission Statement, and technology-driven banking solutions at an event held in New Delhi, Delhi.

• Debashish Prusty and Hari Har Mishra, Additional Secretaries of Department of Financial Services (DFS); Ashish Madhorao, Joint Secretary of DFS; and representatives from National Housing Bank (NHB),Industrial Finance Corporation of India(IFCI), Life Insurance Corporation(LIC), Coal India Limited (CIL), among others, were present at the event.

Key Highlights:
New Vision & Mission Statement: Introduced to reinforce the bank’s commitment to customer-centric banking, innovation, sustainable growth, and operational excellence
Navjyoti Mobile App: Launched an in-house Human Resources (HR) application to streamline employee services, improve internal communication, and enhance workforce efficiency.
PSB Bharat Connect Account: Launched a specialised savings account for Central and State Government employees, offering customised banking benefits and digital banking services.
Significance: The initiatives aim to accelerate digital transformation, enhance customer convenience, strengthen employee services, and promote financial inclusion, while supporting PSB customer-centric and technology-driven banking strategy.

SEBI Constitutes Expert Group to Review Debenture Trusteeship Framework 
In June 2026, the Securities and Exchange Board of India (SEBI) constituted an Expert Working Group (EWG) chaired by former Whole-Time Member (WTM) Ananta Barua at New Delhi, Delhi, to review the regulatory framework for debenture trustees under the SEBI (Debenture Trustees) Regulations, 1993.

• The group will examine stakeholder representations and net-worth norms, and recommend measures to simplify, rationalise, and strengthen the regulatory framework by aligning it with evolving debt market developments and enhancing investor protection.

About Expert Working Group:
Composition: Chair – Ananta Barua (Former SEBI Whole-Time Member); co-chaired by Rajnish Kumar (Former State Bank of India (SBI) Chairman).

• Members include O.N. Ravi (Former Clearing Corporation of India Limited (CCIL) Executive Vice President, EVP), Rahul Choudhary (Axis Trustee Chief Executive Officer, CEO), Pratapsingh Nathani (Beacon Trustee CEO), Ashish Pahariya (DSK Legal), Vinod Kothari (Partner), Ajit Nath Jha (Small Industries Development Bank of India (SIDBI)), Pranjal Sharma (The Chief Financial Officer, CFO Board), Mehul Pandya (CareEdge Ratings), Debashis Bandyopadhyay (SEBI Member Secretary), and a representative from the Finance Industry Development Council (FIDC).

Public Feedback: SEBI invited comments and suggestions from stakeholders and the public until July 15, 2026, focusing on streamlining provisions, removing redundancies, updating regulations, strengthening trustee functions, and easing compliance.

SBI Life Partners with IIT Bombay to Build Indigenous AI-Powered Cyber Defence Systems for Insurance 
In June 2026, SBI Life Insurance Company Limited, one of India’s most trusted private life insurers, signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Bombay (IIT-B), Mumbai, Maharashtra, to establish the ‘Bharat AI & Cyber Innovation Hub for Insurance’, a joint research and innovation centre aimed to build India’s own deep-technology defence systems  for the insurance sector.

• The MoU was signed by Prof. S.V. Kulkarni, Dean-Research and Development (R&D), IIT-B and Vishal Bhati, Chief Information and Digital Officer of SBI Life Insurance.

Key Details:
Technology Development: The proposed innovation hub will undertake joint research across Artificial Intelligence (AI), cyber security, quantum technologies, and digital insurance systems.
Areas of Collaboration: The key focus areas of collaboration will be: executive education, talent development, strategic consulting, innovation incubation, and collaborative research between academia and industry.
Significance: The new initiative is expected to reduce India’s dependence on imported security frameworks, strengthening India’s institutional capacity to curb emerging digital threats in the financial sector.
SBI Life Insurance: Established in 2000, SBI Life Insurance is a Mumbai, Maharashtra-based joint venture (JV) between the State Bank of India (SBI) and BNP Paribas Cardif, the insurance arm of the France’s BNP Paribas.

APPOINTMENTS & RESIGNATIONS

ACC Reappoints Ravi Agrawal as CBDT Chairman for Another Six Months 
In June 2026, the Appointments Committee of the Cabinet (ACC), chaired by Prime Minister (PM) Narendra Modi, approved the re-appointment of Ravi Agrawal as Chairman of the Central Board of Direct Taxes (CBDT) on contract basis for another 6 months, starting from July 1, 2026.
Key Details of Re-appointment:
Term of Service: As per the official notification, he will remain at the post till December 31, 2026, or until further orders, whichever is earlier, on the usual terms and conditions applicable to re-employed central government officers, in relaxation of the recruitment rules.
Previous Tenure: He was initially appointed as chairman of CBDT for one-year term in June 2024, succeeding Nitin Gupta.

• Later, the Government of India (GoI) extended his tenure by one year i.e. until June 2026.

Previous Role: Prior to his appointment as CBDT Chairman, he served as Member (Administration) in CBDT from July 2023.

About CBDT: It is the apex body for direct tax administration under the Department of Revenue, Ministry of Finance (MoF). It was established in 1964 and is headquartered in New Delhi, Delhi.

SCIENCE & TECHNOLOGY

DGCA Conducts India’s 1st SLS Approach Trial on Airbus A320 Using GAGAN System at Udaipur, Rajasthan
In June 2026, the Directorate General of Civil Aviation (DGCA), under the Ministry of Civil Aviation (MoCA), successfully completed India’s 1st satellite-based landing system (SLS) approach on a commercial jet aircraft using an IndiGo Airbus A320 at Maharana Pratap Airport, Udaipur, Rajasthan.

• The demonstration used the indigenous GAGAN (Global Positioning System (GPS) Aided GEO (Geostationary Earth Orbit) Augmented Navigation) system to execute a Localiser Performance with Vertical Guidance (LPV) approach, marking a major step toward satellite-guided precision landings in India.

Demonstration Highlights
LPV Approach: The procedure provides pilots with both lateral (left-right) and vertical (up-down) guidance to the runway, offering precision similar to an ILS approach without requiring specialised equipment to be installed at the airport itself.
LPV Expansion: At present, 23 LPV approaches have been published, with the number expected to exceed 40 by the end of the year.
GAGAN: It is India’s own Satellite-Based Augmentation System (SBAS) for civil aviation, developed jointly by the Indian Space Research Organisation (ISRO) and the Airports Authority of India (AAI).

OBITUARY

Noted Marathi Theatre Legend and Padma Shri Awardee Vijaya Mehta Passed Away
In July 2026, legendary Marathi theatre and film personality Vijaya Mehta, popularly known as “Bai,” passed away at the age of 92 in Mumbai, Maharashtra. She was born in 1934 in Vadodara, Gujarat.

• The Government of India (GoI) awarded the Padma Shri, India’s fourth-highest civilian award, to Vijaya Mehta in 1987 for her contributions to the field of Art (Theatre and Cinema).

About Vijaya Mehta
Founder: She was one of the founder-members of the theatre group Rangayan alongside renowned playwright Vijay Tendulkar and veteran actors Arvind Deshpande and Shreeram Lagoo to shape the fortunes of experimental Marathi theatre.
Autobiography: She authored the acclaimed autobiography ‘Zimma: A Memoir’, chronicling her journey in theatre and cinema.
Awards: Sangeet Natak Akademi Award (1975), National Film Award for Best Supporting Actress(1986), Sangeet Natak Akademi Tagore Ratna (2012).

• Best Actress award at Asia Pacific Film Festival (1985).

IMPORTANT DAYS

International Day of Parliamentarism 2026 – June 30 
The United Nations(UN) International Day of Parliamentarism (World Parliament Day) is observed annually across the world on 30 June to highlight the role of parliaments in strengthening democracy, accountability, human rights, and inclusive governance.

• 2026 Theme:  “The Future of Human Rights is Written in Parliaments.”

Background:  
Establishment: Instituted by the United Nations General Assembly (UNGA) through Resolution A/RES/72/278 in 2018.
Significance: June 30 commemorates the founding of the Inter-Parliamentary Union (IPU), established in Paris, France, on 30 June 1889.

• The year 2026 marked the 137th anniversary of the IPU.

National Doctor’s Day 2026 – July 1 
National Doctors’ Day is annually observed across India on 1 July to acknowledge and celebrate the invaluable services of doctors and healthcare professionals in safeguarding public health and serving society. 

• The day also marks the birth and death anniversary of Bharat Ratna awardee Dr. Bidhan Chandra Roy (B.C. Roy), the renowned physician and the second Chief Minister of West Bengal(WB).
• 2026 Theme: “Behind the Mask: Who Heals the Healers?”

Background:
First Observance: National Doctors’ Day was first officially observed on 1 July 1991, following a recommendation by the Indian Medical Association (IMA).
Organiser: It is observed annually by the IMA, the apex voluntary organisation of modern medicine practitioners in India, headquartered in New Delhi, Delhi.

National Chartered Accountants Day 2026 – July 1
National Chartered Accountants Day (CA Day) is observed annually on 1 July to commemorate the establishment of the Institute of Chartered Accountants of India (ICAI) in 1949 and to honour the vital role of Chartered Accountants in promoting financial transparency and driving India’s economic growth.

• 1 July 2026 marks the 78th foundation anniversary of the ICAI.

Background:
Before ICAI: Before the establishment of ICAI, the accountancy profession in India was regulated under the Indian Companies Act, 1913 by the British Government.
Register of Accountants: In 1930, the Government of India (GoI) maintained a Register of Accountants, and those enrolled were known as Registered Accountants.
Formation of ICAI: Following the recommendations of an expert committee formed in 1948, Parliament enacted the Chartered Accountants Act, 1949, leading to the establishment of ICAI on 1 July 1949 as the statutory regulator of the Chartered Accountancy profession in India.

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